- The company generated a boatload of cash in the second quarter, nearly $70 million from operations, during what should have been an extremely difficult quarter.
- We expect the company to have enough cash by the end of 2020 to cover its next bond payment not due until 2022.
- With or without the Great Falls refinery, Calumet should generate significant amounts of positive cash flow.
- After the June quarter report, we are confident that the Shreveport refinery requires $12-$15 GC 2-1-1 spreads long-term to cover corporate overheads.
For further details see:
For Calumet, Key Measures Are Improving